Green Dot Corporation (NYSE: GDOT), a provider of widely distributed,
low-cost banking and payment solutions, today announced that its Green
Dot Gold Prepaid Visa Card has been named the Best Card for Alternative
Checking Account by Card Hub’s 2012 Prepaid Cards Report.

The report states that consumers loaded $57 billion onto prepaid cards
in 2011, a nearly 33% increase from 2010, according to the Mercator
Advisory Group. Card Hub ultimately concluded Green Dot’s Gold Prepaid
Visa is the clear choice for a checking account alternative because,
according to the report, “its fee structure and large number of
in-network ATMs allow its users to avoid all fees.” Card Hub commended
Green Dot for its checking account-like features, including direct
deposit, online bill pay, and a $10,000 balance limit.

“Our customers consistently tell us how our product has helped them
control spending and manage their finances,” said Steve Streit, Chairman
and CEO, Green Dot Corporation. “We’re pleased that our prepaid debit
card has been independently recognized by Card Hub as the best checking
account alternative.”

Green Dot designed its simple fee structure to give all its customers
the opportunity to bypass fees. To use the card without fees, Green Dot
customers simply need to make a minimum of 30 transactions or load at
least $1,000 in any given month. Additionally, they can load their card
via direct deposit with no fee and use any one of more than 20,000
in-network ATMs to get cash.

The Card Hub 2012 Prepaid Cards Report evaluated how useful 20 popular
prepaid cards are based on their fees and features, looking at three
primary applications for prepaid card use: 1) alternative to a checking
account; 2) tool to give your child their allowance; 3) alternative
check cashing tool.

Green Dot is a publicly traded (NYSE:GDOT) bank holding company
regulated by the Board of Governors of the Federal Reserve System. The
Company provides widely distributed, low-cost banking and payment
solutions to a broad base of U.S. consumers. Green Dot's products and
services include its market leading category of General Purpose
Reloadable (GPR) prepaid cards and its industry-leading cash transfer
network which are available directly to consumers online and through a
network of approximately 60,000 retail stores nationwide where 95% of
Americans shop. Green Dot is headquartered in the greater Los Angeles
area. For more details, visit www.greendot.com.